Terex Corporation has appointed John Sheehan as its new senior vice president and chief financial officer. Sheehan most recently served as executive vice president and chief financial officer of Mylan – a global pharmaceutical company – from 2010 to 2016.

Terex Corporation announced that it has completed the sale of its Material Handling and Port Solutions business (MHPS) to Konecranes Plc for $595 million and -Ç200 million in cash and 19.6 million newly issued class B shares representing a 25 per cent interest in Konecranes.

Terex Corporation announced that it has completed the sale of its Material Handling and Port Solutions business (MHPS) to Konecranes Plc for $595 million and €200 million in cash and 19.6 million newly issued class B shares representing a 25 per cent interest in Konecranes.

Terex Corporation announced that Steve Filipov will assume the role of President of Terex Cranes effective immediately. Filipov will also continue with his responsibilities as President of the Terex Material Handling and Port Solutions segment until completion of the announced sale of that segment to Konecranes Plc. Ken Lousberg, currently President, Terex Cranes, will be leaving the company to pursue other opportunities.

Terex Corporation announced that Steve Filipov will assume the role of President of Terex Cranes effective immediately. Filipov will also continue with his responsibilities as President of the Terex Material Handling and Port Solutions segment until completion of the announced sale of that segment to Konecranes Plc.

Terex Corporation continues to implement a series of strategic moves and investments to better position its purpose-built Fuchs material handler business for global expansion and sales growth. Recently, the business was rebranded ‘Fuchs – A Terex Brand’ in key markets for consistent global brand recognition.

Bauma 2016 - the biggest trade show on earth - spread across over 608,503 sq m (1.5 lakh acres) exceeded expectations this year with a participation of 3,423 exhibitors from 58 countries and the presence of about 580,000 visitors from 200 countries.